"Fifteen months in [from the election], it has been a serious disappointment, said Stuart Rose, the former chief executive of Marks & Spencer. There appears to be a vacuum, and a mismatch between what's being said and being done in terms of business engagement. You have a massive majority, a government saying it wants to stoke the economy and says it knows how. But it seems to be paralysed."
"Fresh from love-bombing corporate Britain before his election landslide, the prime minister told a sold-out business day audience at its Liverpool get-together that he wanted his new government to partner with industry. You have the right to badger us Our decisions will be better if we are talking to you and taking into account what you say, Starmer said."
"For Labour, having burnished its credentials by running a Davos on the Mersey business gathering in recent years, repairing corporate relations is seen as a key priority within party ranks after a rocky year. Rachel Reeves's autumn budget will loom large for the delegates filing into the windswept Albert Dock amid mounting speculation over tax rises. So too will the figure of Andy Burnham, the Greater Manchester mayor, widely seen as a challenger to Starmer."
Keir Starmer courted corporate Britain before the election, inviting business bosses to shape Labour policy and urging them to 'badger' government for better decisions. After a year in office, executives express frustration as the government has implemented tax increases amid weak growth, rising inflation and climbing unemployment. Former M&S chief Stuart Rose described a vacuum and a mismatch between rhetoric and action, warning the government appears paralysed despite a large majority. Labour considers repairing corporate relations a priority ahead of Rachel Reeves's autumn budget and with figures like Andy Burnham viewed as potential challengers. Business delegates will watch closely for budget signals.
Read at www.theguardian.com
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